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International MBA: Is It Still Viable in 2022?

Pursuing an international MBA from a university of global reputation is always a big decision that requires careful planning and ROI (Return on Investment) analysis. After all, the course fees alone can cost you an average of $1,15,000 per year or more. Additionally, you have to incur the cost of living in a foreign country for 2 years, further straining your budget.

Moreover, the pandemic-induced global economic uncertainties might have raised certain doubts in the minds of MBA aspirants about whether it would still be wise to go abroad for an MBA in 2022.

However, an international MBA is still a good pursuit considering the plethora of benefits it can offer. Let’s find out in detail.


Why International  MBA?

MBA is one such professional degree where the reputation and brand of the business school matter a lot. Besides, there are some other important factors as discussed below.


  • Better Job Prospects

Pursuing MBA from reputed international b-school increases your chances of getting hired by a top company. This is because the companies that are industry leaders and famous for offering fat pay cheques to students frequently visit such top-rung colleges for their recruitment drive.


  • Global Exposure

Pursuing MBA from an internationally renowned B-schools gives you the unique opportunity to socialize with students from different nationalities with diverse socioeconomic and cultural backgrounds. You get to exchange thoughts and different point-of-views on various issues and topics. All this helps you develop a global outlook toward management and leadership in general, which might help you in your career.


  • Unique Learning Experience

All reputed business schools continuously upgrade their courses, and faculty members are often some of the stalwarts of the field. Such a dynamic and all-inclusive learning environment can be a thrilling experience.


  • Networking

International MBA programmes provide numerous opportunities to grow your professional network and develop long-lasting connections and friendships that can help you throughout your career. In fact, your school’s alumni network plays a huge role in getting you the job you desire the most after completing your international MBA. 


  • Entrepreneurship Development

Institutions like Stanford GSB insist on developing the entrepreneurial spirit in their students. It is no surprise then that these citadels of higher education are the breeding ground of new startup ideas.


  • Development of Soft Skills

The campus culture in many of these B-schools can provide numerous opportunities to help students work on their soft skills. Debates, group discussions, interacting with fellow students, and many more team building activities can help you polish your soft skills, all of which are important traits of a modern-day manager.

[READ: MBA in India Vs MBA Abroad]


Demand and the Future of MBA Graduates


According to the Corporate Recruiters Survey 2021 by GMAC, most recruiters agree to see a prolonged demand for MBA grads in the coming years due to the continuing shortage of skilled managers. 

Furthermore, the temporary dip in the average salary of MBAs during the pandemic is also on the path of recovery to the pre-pandemic levels of $1,15,000.00 or higher, which is 77 per cent more than a bachelor’s degree holders and 53 per cent higher than the direct hirings from the industry.

[READ: Are MBA Graduates in Demand in the Post-Covid World]


Top Industries Employing MBA Grads

While skilled managers are required in every industry, some industries are on a higher hiring spree for a while than other ones. For instance, 95 per cent of the consulting sector were projected to recruit from the class of 2021. The technology sector is another big recruiter, with 96 per cent of them projected to recruit MBAs.

Apart from the number of recruitments, the average salary has also witnessed an encouraging trend demonstrated in the table below, showing the industrywise salary comparison of the class of 2020.


Sr. No. Industry Average Salary
1 Consulting $1,52,470
2 Financial Services $1,29,889
3 Technology $1,24,289
4 Health Care $1,18,004
5 Media/Entertainment $1,09,846
6 Energy $1,08,730
7 Retail $1,08,270
8 Real Estate $1,07,522
9 Consumer Packaged Goods $1,06,719
10 Transportation & Logistics Services $1,06,250

Source: US News


Top B-schools in 2022

Rank Business School University Location
1 Graduate School of Business Stanford University Stanford, CA
2 Wharton School University of Pennsylvania Philadelphia, PA
3 Booth School of Business University of Chicago Chicago, IL
4 Kellogg School of Management Northwestern University Evanston, IL
5 Harvard Business School Harvard University Boston, MA
6 Sloan School of Management Massachusetts Institute of Technology Cambridge, MA 
7 Columbia Business School Columbia University New York, NY
Haas School of Business University of California- Berkeley (Haas) Berkeley, CA
9 Yale School of Management Yale University New Haven, CT
10 Tuck School of Business Dartmouth College Hanover, NH
Leonard N. Stern School of Business New York University New York

Source: US News 


Which MBA – Online MBA Vs Full-time MBA Vs EMBA

Today many reputed business schools offer different types of MBA courses to cater to different classes of students. You should know the difference before deciding which one can be best for you.

Sr. No. Parameters Online MBA Full-Time MBA EMBA
1. Course Delivery Flexible online classes Physical lectures in schools during the working days.
  1. Physical lectures in schools during weekends and holidays.
  2. Evening lectures after working hours
2. Duration 16- 20 months 24 months 24 months
3. Preferred Work Experience 2-3 years 3- 5 years 10-15 years
4. Admission with no work experience Not Allowed Possible Not Allowed
5. Course Cost Lowest Relatively higher than online MBA but lower than EMBA Highest
6. Test Score Valid GMAT/GRE scores are required. GMAT/GRE scores are not required.
7. Employers Sponsorship Not Required Required


[READ: The Best EMBA Programs in the World and How To Crack Them]

An international MBA can unlock your resume’s real value, paving the way for a potentially brighter tomorrow. As far as the timing is concerned, the time is always right for the brave ones irrespective of the often short-lived circumstances. Remember, global circumstances can and do change every year, but your international MBA degree will forever shine bright on your resume.


For over 15+ years as an Entrepreneur, and India’s Top Educationist, Jatin has led a range of initiatives in the Education Industry. In this role, he has created many successful educational services and products geared towards generating success for professionals aspiring to join IVY League and global Top Tier Universities for MBA Programs, Masters Programs, and undergraduate courses. He is the Founder and CEO of PythaGURUS Education, and has been recognized as a thought leader in the Higher education sector. Economic Times, Hindustan Times, Times of India, India Today, Business Today, Tribune, and many other national newspapers have recognized his work, and have given him numerous opportunities to be a regular columnist. He has also served as a panelist for NDTV, and other national news channels.

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